The market is dominated by foreign suppliers, as imports account for 73.3% of total market size in 2022. Investments drive market demand, with investments representing 80.1% of total demand in 2022. Saudi Arabia has the fifth largest market size for industrial and laboratory furnaces regionally, with demand reaching USD96.7 million in 2022. The total number of companies increases in 2022, to 31 units. The costs of the industry increase by 17.8% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 16.3% of production value in 2022, the 11th highest regionally. With production value of USD23.1 million, Saudi Arabia accounts for 11.2% of the Middle East and North Africa total in 2022.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Saudi Arabia: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Saudi Arabia: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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